SCHEDULES

SCHEDULE 4U.K.Relief for carried-forward losses

PART 9 U.K.Tax avoidance

Change in company ownershipU.K.

80(1)Section 677 (introduction to Chapter 3) is amended as follows.U.K.

(2)In subsection (3), for “6” substitute “ 8 ”.

(3)In subsection (5), for “6” substitute “ 8 ”.

(4)The amendments made by this paragraph do not have effect unless both the change in ownership referred in section 677(1) and the major change in the nature or conduct of a business referred to in section 677(3) occur on or after 1 April 2017.